UBS Group AG Has $2.37 Million Stock Position in Bumble Inc. $BMBL

UBS Group AG reduced its position in shares of Bumble Inc. (NASDAQ:BMBL) by 32.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 662,732 shares of the company’s stock after selling 311,554 shares during the period. UBS Group AG owned 0.59% of Bumble worth $2,366,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BMBL. Wexford Capital LP bought a new stake in Bumble during the third quarter valued at about $31,000. Krilogy Financial LLC bought a new position in shares of Bumble in the fourth quarter worth about $48,000. Pallas Capital Advisors LLC acquired a new position in shares of Bumble during the 4th quarter worth about $61,000. Envestnet Asset Management Inc. acquired a new position in shares of Bumble during the 3rd quarter worth about $65,000. Finally, Tower Research Capital LLC TRC boosted its stake in Bumble by 182.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 11,117 shares of the company’s stock valued at $73,000 after purchasing an additional 7,185 shares during the period. 94.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Holdings Gp Man Blackstone III sold 7,477,504 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total transaction of $26,246,039.04. Following the sale, the insider directly owned 25,832 shares in the company, valued at $90,670.32. This represents a 99.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder – Nq L.L.C. Btoa sold 7,477,504 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $3.51, for a total transaction of $26,246,039.04. Following the completion of the sale, the insider owned 25,832 shares of the company’s stock, valued at $90,670.32. The trade was a 99.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 29,910,016 shares of company stock valued at $104,984,156 over the last ninety days. Company insiders own 15.35% of the company’s stock.

Bumble Price Performance

NASDAQ:BMBL opened at $3.16 on Wednesday. The company has a 50-day moving average of $3.63 and a 200-day moving average of $3.50. The company has a market capitalization of $410.23 million, a price-to-earnings ratio of -0.54, a PEG ratio of 0.11 and a beta of 1.99. Bumble Inc. has a 52 week low of $2.61 and a 52 week high of $8.64. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 1.22.

Bumble (NASDAQ:BMBL) last posted its earnings results on Tuesday, May 5th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. Bumble had a negative net margin of 72.04% and a positive return on equity of 32.66%. The business had revenue of $212.38 million for the quarter, compared to analysts’ expectations of $211.59 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The firm’s revenue for the quarter was down 14.1% on a year-over-year basis. As a group, equities research analysts anticipate that Bumble Inc. will post 0.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on BMBL. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Bumble in a research report on Monday, March 16th. Citigroup lowered their price objective on shares of Bumble from $3.90 to $3.60 and set a “neutral” rating on the stock in a research note on Tuesday. Wells Fargo & Company dropped their target price on shares of Bumble from $5.50 to $5.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th. Weiss Ratings cut shares of Bumble from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. raised shares of Bumble from an “underweight” rating to a “neutral” rating in a report on Thursday, March 12th. One research analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Bumble currently has a consensus rating of “Reduce” and a consensus price target of $4.38.

About Bumble

Bumble Inc operates a technology platform designed to facilitate social and professional connections through its suite of apps, most notably the flagship Bumble dating app. The company’s core premise is to empower users—particularly women—to make the first move, helping to reshape traditional dating dynamics. In addition to its dating function, Bumble offers mode-switching features that allow users to find friends through “Bumble BFF” or pursue professional networking opportunities via “Bumble Bizz.”

Beyond the Bumble app, the company also owns and operates Badoo, a social discovery platform with a substantial global footprint, particularly in Europe and Latin America.